Jewish Academy School of Fine Arts Inc

Analysis

Jewish Academy School of Fine Arts Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Jewish Academy School of Fine Arts Inc reported income of $285k and spending of $278k, spending 97% of its income. Across the 2 years on record, from June 2019 to June 2020, income fell from $509k to $285k (-44%), an average of -44% a year. The sharpest change came in the year to June 2020, when income dropped by 44%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Jewish Academy School of Fine Arts Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Alaquest Collaborative for Education ($285k), Arundel Instrumental Music Association Inc ($285k) and Bolivar Free Library ($285k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $164k. At year end it held assets of $81k against liabilities of $90k, net assets of -$8,520. It reported 16 employees.